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GCMAsia - EURUSD
EURUSD
EURUSD
2018-04-03
Resistance and Support Level Explanation
Resistance 1.2345 H4
Support 1.2290 H4

EURUSD, H4: EURUSD was traded lower prior retracement from 200-MA line. MACD signal line that portrays a death-cross suggests downside bias for the pair yet a breakout below the 23.6 Fibonacci level and ascending trend line is required to confirm the signal.  

 

Resistance level: 1.2345, 1.2415

Support level: 1.2290, 1.2220